This paper examines the impact of planning and efficiency of markets in a stylized economy which is a finite sequence of markets for goods at successive dates, each market is a hybrid of plan and market, no one of whi...This paper examines the impact of planning and efficiency of markets in a stylized economy which is a finite sequence of markets for goods at successive dates, each market is a hybrid of plan and market, no one of which is complete in Arro Debreu sense. The existence of equilibrium in such a economic model is demonstrated.展开更多
文摘This paper examines the impact of planning and efficiency of markets in a stylized economy which is a finite sequence of markets for goods at successive dates, each market is a hybrid of plan and market, no one of which is complete in Arro Debreu sense. The existence of equilibrium in such a economic model is demonstrated.
